Oman’s State-owned Oil Company QQ Mulls IPO

Oman is looking at several options to plug the holes in its budget, according to anonymous sources that disclosed the information to Bloomberg—and it’s taking a hard look at state-energy company OQ to do that. Some of the options that the government of Oman is looking at is selling a stake in OQ, going the popular IPO route, or ditching some of the company’s subsidiaries. State-energy firm OQ is a global integrated energy group that posted total revenues of nearly $20 billion in 2019. Its consoliated assets as of the end of 2019…